Form 4: Performance Food Group Director Acquires Deferred Stock Units

William F. Dawson Jr., a director at Performance Food Group Co, acquired 2,173 deferred stock units on November 19, 2024.

Summary

• William F. Dawson Jr., a director of Performance Food Group Co, was granted 2,173 deferred stock units on November 19, 2024.
• These units will vest in full on the earlier of November 19, 2025, or the next annual meeting of stockholders.
• The shares will be issued to Mr. Dawson after his separation from service with the company.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. It is a positive for the director but not a significant event for the company.

Future Outlook

The deferred stock units will vest on the earlier of November 19, 2025, or the next annual meeting of stockholders, and the shares will be issued after the director's separation from service.

Industry Context

This is a standard practice for director compensation in publicly traded companies, using deferred stock units to align director interests with long-term shareholder value.

Comparison to Industry Standards

• Deferred stock unit grants are a common form of compensation for directors in publicly traded companies, similar to practices at companies like Sysco and US Foods.
• The vesting schedule of one year or until the next annual meeting is also typical, aligning with standard industry practices for director equity compensation.
• The number of units granted is not unusual for a director at a company of Performance Food Group's size.

Stakeholder Impact

• The grant of deferred stock units aligns the director's interests with those of shareholders by tying compensation to the company's long-term performance.
• The impact on employees and other stakeholders is minimal as this is a standard director compensation practice.

Key Dates

Keywords

Form 4, Deferred Stock Units, Director, Performance Food Group, PFGC, SEC Filing, Stock Grant, Equity Compensation